The most Economical Online MBA courses you should know about

Online MBA is the new norm for professionals aiming to put their careers on the fast track. The course not only helps learners develop the knowledge and skills required for a career in business, but it is also a convenient mode of study. You get to enhance your skills without sacrificing your job.

Why Online MBA?

Can the rigour of a two-year master’s programme be delivered in an online mode? The answer is a loud ‘Yes’. Add a couple of bonus features to that.

An online mode makes it easier to collaborate, easier to connect with the faculty on a need basis, even easier to conduct spot quizzes and surveys to get a class vote on the sentiment of the hour. The flexibility that is accorded to the MBA faculty in an online world more than makes up for the loss of in-person conversations in a brick and mortar classroom. As it allows for asynchronous learning, the power lies with the learner to decide how much to learn and when to learn.

A university such as Amity University Online, for example, offers a range of advantages to its online MBA class. Some of these are:

• Harvard Business Publishing's Simulations on Real-world Scenarios
• Global Education with Eminent International Faculty
• Complete Hand Holding & Support by Student Relationship Managers
• Robust Learning Management System and Flipped Learning Model for Maximised Learning Outcomes
• Personalised Learning Through Unique Option of Choice Based Credit System
• Dedicated Career Support & Virtual Job Fairs With 100+ Hiring Partners
• Live Classes and Online exams allowing complete flexibility

And perhaps the biggest advantage of an online MBA programme is that to the best B-schools become accessible irrespective of your location at no extra cost. This also allows for a more diverse class profile for online MBA schools since learners are likely to be from multiple countries.

Top Universities offering Online MBA

A typical Online MBA degree programme with global credentials might set you back by Rs 20 lakh to Rs 40 lakh on average. In fact, many MBA aspirants end up taking loans to finance their programmes and this often results in high debt rates as they step out of B-Schools with their MBA degrees.

However, there is some respite with universities such as Amity University Online offering an Online MBA within an affordable fee ranging from Rs 3.25 lakh to Rs 4.50 lakh. Deakin University in Australia comes a close second in terms of affordability. Important to note here that the comparison is between similarly ranked universities as per QS Ranking Survey. The other peer ranked universities are clearly nowhere in the affordability orbit if we are looking at a range of under Rs 5 lakh programmes.

The course fee for a few of the top QS ranked universities as compared to Amity University Online is mentioned below:

*The above-mentioned course fee is for outside state students.

In order to assess the credibility or quality quotient of these programmes, one needs to know the class experience, faculty & teaching, class profile and employability aspects of the programme. QS Quacquarelli Symonds, global business education analysts, factors in these aspects to arrive at their World University Rankings every year. Given below is a quick glance at the rankings of the universities mentioned above:

Online MBA is a top choice for experienced professionals having work experience in the range of two years to ten years. These students are looking for professional growth, better opportunities, a dramatic increase in pay packages or maybe a shift to another industry or functional area. Therefore, specialisations that are being offered with the online MBA come in handy to make the programme even more relevant to the needs of a specific student.

Typically, top QS ranked colleges do not offer more than six specialisations in an Online MBA course. There are some exceptions to this rule, however. Amity University Online offers 18 specialisations that include Data Science, Digital Marketing, Digital Entrepreneurship, HR Analytics, International Business amongst others.

In case you are wondering what your options could be for other similar online MBA players that offer an option to choose a specialisation with their online MBA degree, here is a table of comparison:

Amity University Online MBA

Amity University Online offers an Online MBA that boasts of a class experience of 92.7 which is the third-best in the world, according to QS World University Rankings 2021. The completion rate of Amity University’s Online MBA is 92% and students graduate with not just better job prospects but access to a network of more than 2,25,000 professionals. A few of the important highlights regarding Amity University Online MBA are mentioned below:

There is considerable scope to learn on the job with project work in partnership with industry majors such as Airtel, TCS, Hindustan Unilever, ICICI Bank, HDFC Bank, Panasonic and NTPC. There are also live sessions with CEO or entrepreneurs to give learners a spectrum of views on startups and making businesses successful.

Evaluate your options carefully.

NOTE: This article is a part of Shiksha Brand Partnerships initiative.